AE stock enjoys boost from analyst rating
FORT COLLINS – Advanced Energy Industries Inc. (Nasdaq: AEIS) experienced a 6 percent surge in its stock early today, following an analyst upgrade.
Goldman Sachs upgraded AE to “in-line” from “underperform.” AE received its underperform rating from Goldman in November 2004 — a downgrade from its previous in-line rating.
Analyst expectations have been mixed for the Fort Collins-based semiconductor component company. In February, Citigroup downgraded from buy to hold. But ten days prior to that, Needham & Co. upgraded AEIS from hold to buy.
AE stock ended the trading day at $14.86, up 73 cents, or 5.17 percent.
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